Litecoin Closes Bullish — Break at $57 Could Trigger Next Step Up
Litecoin ended the daily session on a strong note, signaling renewed near-term momentum as the price exerted pressure against a key resistance level. With $57 currently acting as an immediate barrier, a decisive breakout and sustained holding above this area could open the door to the next level of upside, potentially accelerating the upside towards the mid-$60s.
A bullish daily close is an early bullish signal
CryptoWzrd, a cryptocurrency analyst who provides daily technical outlook for Litecoin, noted that LTC closed the session with a bullish daily candle, largely reflecting Bitcoin’s upward movement. The positive close signal improves near-term momentum, but experts cautioned that further broad continuation will require confirmation of additional market factors, particularly the LTCBTC pair.
Related Reading: Litecoin Structure Is Intact, But $63 Remains a Line for Bulls to Defend
Although Litecoin printed a constructive candle, LTCBTC closed indecisively, reflecting hesitation about Litecoin’s relative strength against Bitcoin. LTC’s continued rise will likely depend on a shift to a clearly bullish sentiment in LTCBTC. This is because it confirms capital circulation and stronger underlying demand.
From a structural perspective, CrytoWzrd emphasized that at least one strong bullish daily candle from current levels is needed to validate a break above the daily low trendline. If such confirmation occurs, Litecoin could move into a more solid bullish phase, with the $68 resistance level emerging as the next major upside target above the $56 area. A steady and sustained move above resistance will further strengthen the case for continuation of the trend.
Until a breakout of the higher time frames is confirmed, analysts plan to focus on lower time frame setups, especially over the weekend. His approach remains tactical, looking for quick scalp opportunities while waiting for more mature chart structures before engaging in larger directional trades.
$57: Litecoin intraday decision zone
The analyst went on to explain that Litecoin’s intraday structure is currently putting pressure on the key $57 resistance area, a level that serves as a short-term decision point for the price. A clean and sustained stay in this area could signal strength and pave the way for $64, with the potential for further expansion if momentum accelerates.
Related Read: Litecoin 2M Bollinger Band Width Hits New Low, CMT Certified Analyst Reveals What It Means.
He emphasized that it is not enough to simply go beyond resistance. What is needed is a stable bullish structure, ideally supported by increasing volume and constructive follow-through before considering a long position. This confirmation indicates that the buyer is in control rather than a temporary liquidity sweep.
At the same time, he pointed out that Bitcoin’s direction will determine whether this breakthrough gains traction. Litecoin continues to follow broader market sentiment, meaning BTC’s strength could act as a catalyst for further gains. Patience is essential before engaging in your next trade until a mature and well-defined intraday structure is formed.
